Las Vegas Sands Corp.'s Stock Analysis

Las Vegas Sands Appoints New Board Member at Sands China

Las Vegas Sands Corp. announced that its majority-owned subsidiary, Sands China Ltd. (SCL), has appointed Patrick Dumont to its Board of Directors. This appointment is effective immediately as of August 7, 2025, Hong Kong time.

The announcement reflects a governance change within Sands China Ltd., which may be of interest to investors monitoring the leadership structure and strategic direction of the company. The appointment could influence future decisions and operations within the subsidiary, potentially impacting overall performance.

Aug 11, 2025 08:33:41

Las Vegas Sands Reports Q2 2025 Financial Results

Las Vegas Sands Corp. reported net revenue of $3.18 billion and net income of $519 million for the second quarter ending June 30, 2025. This represents an increase from $2.76 billion in net revenue and $424 million in net income for the same quarter in the previous year. The company also reported consolidated adjusted property EBITDA of $1.33 billion, up from $1.07 billion year-over-year. Significant contributions came from its properties in Macao and Marina Bay Sands, with adjusted property EBITDA of $566 million and $768 million, respectively.

During the quarter, Las Vegas Sands repurchased $800 million of its common stock and paid a quarterly dividend of $0.25 per share. As of June 30, 2025, the company had unrestricted cash balances of $3.45 billion and total outstanding debt of $15.68 billion. The financial results reflect strong operational performance and ongoing capital investments in both Macao and Singapore, positioning the company for future growth.

Jul 23, 2025 16:08:48

Las Vegas Sands Reports Q1 2025 Financial Results

Las Vegas Sands has reported its financial results for the first quarter of 2025, showing net revenue of $2.86 billion and net income of $408 million. The company experienced a decrease in both net revenue and net income compared to the same quarter in 2024, which had net revenue of $2.96 billion and net income of $583 million. Consolidated adjusted property EBITDA for the quarter was $1.14 billion, down from $1.21 billion in the prior year quarter. The performance in Macao was impacted by a low hold on rolling play, which negatively affected adjusted property EBITDA by $10 million, while Marina Bay Sands in Singapore reported adjusted property EBITDA of $605 million, reflecting stable operational performance. 

Additionally, Las Vegas Sands repurchased $450 million of its common stock during the quarter and increased its stock repurchase authorization to $2.0 billion. The company maintained a quarterly dividend of $0.25 per share, with the next payment scheduled for May 14, 2025. As of March 31, 2025, the company reported unrestricted cash balances of $3.04 billion and total debt outstanding of $13.71 billion, indicating a solid liquidity position to support ongoing investments and shareholder returns.

Apr 23, 2025 16:07:24

Las Vegas Sands CEO Transition and New Leadership Announcement

Las Vegas Sands announced that Robert G. Goldstein will transition from his role as chairman and CEO to a senior advisor position on March 1, 2026, remaining in that role until March 2028. Goldstein has been with the company since 1995 and has played a significant role in its development and success, including the opening of The Venetian and the establishment of various entertainment and retail ventures. The company plans to name Patrick Dumont as the new chairman and CEO following Goldstein's transition.

Goldstein's departure from the CEO role marks a significant change for the company, as he has been instrumental in shaping its direction over the years. While his leadership has been credited with numerous achievements, including the successful opening of iconic venues and partnerships, the transition may present challenges as the company adapts to new leadership. Goldstein's extensive experience in the gaming and hospitality industry will continue to benefit the company in his advisory capacity.

Mar 06, 2025 16:23:48

Las Vegas Sands Reports $2.90 Billion in Q4 Revenue

Las Vegas Sands reported net revenue of $2.90 billion for the fourth quarter of 2024, which is a slight decrease of 0.7% compared to the same quarter in 2023. The company also posted a net income of $392 million, down from $469 million a year earlier. Consolidated adjusted property EBITDA was $1.11 billion, reflecting a decline from $1.20 billion in the previous year. Notably, the company repurchased $450 million of its common stock during the quarter and paid a quarterly dividend of $0.20 per share, with plans for a higher dividend in the next quarter. Additionally, Sands China Ltd. showed a full-year revenue increase of 8.4% compared to 2023, reaching $7.08 billion, with net income rising to $1.05 billion from $696 million in the previous year.

However, the quarter also saw challenges, particularly in Macao, where a low hold on rolling play negatively impacted adjusted property EBITDA by $22 million. The overall operating income for the quarter was reported at $590 million, a decrease from $710 million in the prior year. Sands China Ltd. reported a 5.0% decline in net revenues for Q4 2024 compared to the same quarter in 2023, with net income dropping to $237 million from $288 million. The financial results reflect ongoing recovery efforts in the region, but spending per visitor remains below pre-pandemic levels, indicating a slower recovery trajectory.

Jan 29, 2025 16:15:00

Las Vegas Sands Reports Mixed Third Quarter 2024 Results

Las Vegas Sands reported a net revenue of $2.68 billion for the third quarter of 2024, a slight decrease from the previous year's $2.80 billion. The company faced challenges due to low hold rates in both Macao and Singapore, which negatively impacted their adjusted property earnings. Despite these setbacks, the company demonstrated financial strength by repurchasing $450 million in common stock and announcing a $2.0 billion future stock repurchase program, alongside a dividend increase to $1.00 per share for 2025.

While overall earnings showed a decline compared to the previous year, with net income dropping to $353 million from $449 million, the company remains optimistic about its strategic investments in Macao and Singapore. The ongoing recovery in travel and tourism spending is expected to benefit their operations in the long run. However, the lower visitation levels compared to pre-pandemic times pose a challenge that the company aims to overcome through enhanced tourism appeal and service offerings.

Oct 23, 2024 16:08:11

Las Vegas Sands Reports Strong Q2 2024 Financial Results

Las Vegas Sands announced positive financial growth for Q2 2024, with net revenue rising to $2.76 billion and net income reaching $424 million. The company showed strong performance in Singapore, particularly at Marina Bay Sands. However, Macao's recovery is ongoing, with visitor numbers still below pre-pandemic levels. The company repurchased $400 million in shares and plans to continue returning capital to stockholders. Overall, the results reflect optimism for future growth despite challenges in the Macao market.

Jul 24, 2024 16:08:27

Las Vegas Sands Q1 2024 Financial Report

Las Vegas Sands reports strong Q1 2024 results with $2.96 billion net revenue and $583 million net income. Macao and Singapore properties show growth. Share repurchase of $450 million conducted. Sands China Ltd. sees a significant increase in net revenues. Interest expenses decreased, and tax rates were favorable. Cash balance is $4.96 billion. $196 million spent on capital expenditures. Quarterly dividend of $0.20 per share paid. Company remains optimistic about future growth and market opportunities.

Apr 17, 2024 16:08:51

Marina Bay Sands Expansion Boosts Singapore Tourism

Marina Bay Sands in Singapore announces final design enhancements for its multi-billion-dollar expansion project, featuring a luxury hotel tower, an entertainment arena, and more MICE space. The expansion aims to attract global entertainers, boost inbound travel, and elevate Singapore's MICE industry. The project, separate from a $1.75 billion reinvestment, includes refurbishments and new amenities. Since 2010, Marina Bay Sands has significantly contributed to Singapore's tourism, economy, and job market, employing over 11,500 Team Members.

Apr 05, 2024 06:07:20

Las Vegas Sands Reports Strong Fourth Quarter 2023 Results

Las Vegas Sands reported a significant increase in net revenue and net income for the fourth quarter of 2023 compared to the same period in 2022. The company's consolidated adjusted property EBITDA reached $1.20 billion, with positive performance in Macao and Singapore. Despite a low hold on rolling play in Macao impacting EBITDA, Marina Bay Sands saw a positive impact. The company repurchased $505 million of its stock and is acquiring approximately $250 million of Sands China stock. Net revenue and operating income showed substantial improvement compared to the prior year.

Jan 24, 2024 16:09:33